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22840 Calvert Street, Woodland Hills, California 91367, Woodland Hills, 91367 - bed, bath

22840 Calvert Street, Woodland Hills, California 91367 home-pic-0
ACTIVE$2,399,000
22840 Calvert Street, Woodland Hills, California 91367
0Bed
0Bath
100Sqft
35,769Lot
Year Built
1953
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$23,990
HOA
-
Days on market
-
Sold On
-
MLS number
SR25040970
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.40M(93th), sqft - 100(1th), beds - undefined(1th), baths - undefined(1th).

Extremely rare opportunity to acquire an incredible 36,000 square foot completely flat vacant lot in highly prestigious Walnut Acres! A perfect blank canvas to build your dream estate among other $5m+ properties in a neighborhood that is continually in high demand and appreciating rapidly. Measuring 120 feet wide by 300 feet deep, this desirable parcel is seldom offered on the market in this condition. The previous home has already been demolished and there are already utilities on site. The property comes with two different sets of architectural plans for a 6,000 SF residence in two different styles. The owner is also able to build the home for the buyer if desired. Adjacent to the Westfield Topanga Mall & Village, Calabasas Commons, Warner Center, and zoned for award-winning El Camino and Hale charter schools. Don’t miss this very unique offering.

Condition Rating
Tear down
The property is a vacant lot; the previous home, built in 1953, has already been demolished. There is no existing structure, kitchen, or bathroom to evaluate. The property's value is based solely on the land and its potential for redevelopment, which aligns with the 'Tear-down' criteria, even though the demolition has already occurred.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35769, living area = 100.
Exceptional Lot Characteristics: A rare, completely flat 36,000 square foot vacant lot in a highly prestigious area, offering an ideal canvas for a luxury estate.
Prime Location & Appreciation: Situated in Walnut Acres, a high-demand neighborhood with rapidly appreciating values, surrounded by $5M+ properties.
Development Ready: The previous home has been demolished, and essential utilities are already on site, significantly streamlining the building process.
Architectural Plans Provided: Includes two sets of architectural plans for a 6,000 sq ft residence, offering a valuable head start on design and planning.
Superior Local Amenities & Schools: Adjacent to major retail and entertainment centers like Westfield Topanga and Calabasas Commons, and zoned for award-winning El Camino and Hale charter schools.

Cons

Significant Additional Investment: The listed price is for the land only; a substantial additional budget will be required for the construction of a 6,000 sq ft luxury home.
Extended Timeline to Occupancy: As a vacant lot, the buyer will face a lengthy period for design, permitting, and construction before the property is move-in ready.
Construction Management Responsibility: The buyer will be responsible for overseeing or managing the entire construction project, which can be complex and time-consuming, even with the owner offering to build.

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